Tangier Investment

Tangier is considered as an important industrial centre at the national level. It takes up the third place, with 10% of the national added value, about 8% of the production and 14% of export.

Tangier offers a mine of opportunity for the development of the Industrial sector.

• Presence of free zones and tax incentive.
• Presence of international industrial groups,
  such as YAZAKI, OPEL, LAFARGE, AUTOMOTIVE WIRING SYSTEMS, AIRBUS,
  DEWHIRST and others is a good evidence for the vitality of the sector.
• Nearness to the international markets.
• Interesting prospects in terms of transport's infrastructures (roads, railway lines, highways, Port of Tangier-Med).
• Fitting out of new free zones.
• Existence of an industrial tradition and of national and local groups.
• Presence of an industrial infrastructure and of an industrial organization, developed by the private sector.

Fishing and aquaculture: Tangier has important potentialities as far as fishing is concerned. This sector generates a concomitant industrial activity. We count 26 units of the fishing industry, specialized in the canned food, semi-canned food, salted food, freezing, shelling of shrimps and others. Regarding aquaculture, Tangier has several sites, which present important potentialities for the breeding of bass, sea bream, turbot, oysters, shrimps and others. Tourism: The historical, geographical and cultural characteristics are one of the main sources of wealth for the region.

Tangier offers a mine of opportunity to ensure the prosperity of the Tourist sector:

• Diversity of wealth as regards the natural, cultural and historical potentialities.
• Transitory crossing for the Moroccans resident abroad.
• Presence of multinationals (business tourism).
• Proximity of the transmitting markets.
• Continuous improvement of the regional tourist product.
• Quality seaside developments’ projects: Cap Spartel, Ghandouri, the Lake, Dolphin Resort Ras Laflouka and others
• Development of patrimony and renovation of old buildings.
• Placement of funds Renovotel, intended for the renovation of the existing hotel units.
• Conversion of Tangier’s port into a cruising port and a marina.
• Liberalization of the air transport.

Services: Beyond the industrial and tourist sectors, Tangier has known the development of new activities. Therefore, and owing to its status of offshore financial market, which is unique of its kind in Morocco, Tangier has known the implantation of important offshore banks and holding.

The legal and tax systems are also favourable for foreign investors since they are allowed to repatriate freely their capitals. Besides, the growth of industrial, food and tourist sectors, and the advent of the port of Tangier Med, accompanied with the new industrial, logistic and commercial free zones offer an environment that is favourable to the creation of needs, in particular as far as services are concerned.

• Call centres: there is a possibility of the establishment of call centres, of Spanish and French origin, thanks to the mastery of the Spanish language by the inhabitants of the region of Tangier.
• The possibility of the development of the franchisees’ network (for example: fast food, clothing trade, etc.). This concept has a great potential of development, especially after the definite abolition of the customs duties with the European Union (2012) and the United States (2010).
• The externalization of services, such as consultancy, training and recruitment, represents a niche, which is in full growth, especially for the region of Tangier.
• TV and Radio: there is a possibility of setting up television and advertising studios for the leaders of the market of communication.